“He was a strong leader whose intellect, stature and unwavering commitment to principle helped establish the credibility of the organization, both domestically and internationally,” the PCAOB said in a statement. “Under his leadership, the Board established its regulatory approach and programs and forged the international relationships that have led to PCAOB inspections in 50 countries today and helped spread independent audit oversight around the globe.”
McDonough and his wife, Suzanne Clarke McDonough, had six children and 10 grandchildren.
This article was provided by Bloomberg News.